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CBDC holding limit in UK likely to be higher for businesses than for individuals

By Phoebe Seers ( May 3, 2023, 14:04 GMT | Insight) -- Companies are likely to be allowed to hold more in digital sterling under the Bank of England's plan for a central bank digital currency than the limit of 10,000 pounds to 20,000 pounds ($12,500 to $25,000) currently penciled in for individuals. The BOE's current thinking is that businesses will need higher deposit limits to ensure they can receive payments at peak times, MLex understands, but the issue is still being investigated. Companies are likely to be allowed to hold more in digital sterling under the Bank of England's plan for a central bank digital currency than the limit of 10,000 pounds to 20,000 pounds ($12,500 to $25,000) currently penciled in for individuals....

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